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Showing 641 - 650 of 799 results for "Fraud"

Broker swindled investor funds

RUTH LIEW  |  THURSDAY, 4 JUN 2009
A former mortgage broker has been charged with fraud after failing to invest $123,000 from a private investor. Adrian Camilleri, who used to work as a mortgage broker and director for Asset Finance Service, was found guilty yesterday on one count of ...

Insurance broker caught for fraud

ASIC RELEASE  |  MONDAY, 1 JUN 2009
Consumers, be warned. ASIC has caught one insurance broker selling insurance products but not passing on the fees to the insurer, which meant his clients didn't get the appropriate insurance cover. Stolen premiums, dodgy insurance - Anthony John Ryan ...

Bonnie and Clyde team caught for fraud

RUTH LIEW  |  THURSDAY, 28 MAY 2009
A couple from Victoria has admitted to committing SMSF fraud - with the husband pleading guilty to 12 charges including theft and conducting business without a financial services licence following an ASIC investigation. Shaun White of Montmorency, Victoria ...

FX trader guilty of $360k fraud

ASIC RELEASE  |  TUESDAY, 12 MAY 2009
Brisbane-based resident Brett Tony Best has pleaded guilty to running an illegal managed investment scheme (MIS), which enabled him to dupe more than 200 south-east Queenslanders out of $360,000 in funds. Best, 39, pleaded guilty to one charge of dishonestly ...

Lies, damned lies and statistics

BENJAMIN ONG  |  FRIDAY, 8 MAY 2009
... 5.9 per cent. Caught with nothing to pin their doomsday scenario this time, they are calling the National Bean Counter a fraud. The best that I've read so far were references to the job stats' sampling variability and standard errors. These showed that ...

Mobile phone banking on the way

MICHELLE BALTAZAR  |  TUESDAY, 5 MAY 2009
... internet so in those cases, they can use their mobile number [as the account]," he said. "This means no exposure to internet fraud and no risk and this is happening very much in Austria and Germany." A successful implementation of the technology can ...

Smaller funds lack risk reserves

MICHAEL HOBBS  |  TUESDAY, 28 APR 2009
... by the super fund to provide immediate access to funds to compensate members if a unit pricing error, system failure or fraud occurs. Mercer's research found a growing number of funds are establishing operational risk reserves but there is a gap between ...

AVG targets hacker behaviour

MICHAEL HOBBS  |  TUESDAY, 31 MAR 2009
... reflect a key priority of IT teams right across Australia's financial services: identity theft. According to the 2008 Identity Fraud Survey Report of Javelin Strategy & Research, identity theft is now the number one internet-based crime and claims almost ...

ATO targets early access and in-house rules

MICHAEL HOBBS  |  THURSDAY, 12 MAR 2009
The Australian Tax Office (ATO) is targeting illegal early access to retirement savings and stepping up its compliance activities to ensure self managed super fund (SMSF) trustees don't break the law. Speaking at the SMSF Professionals' Association ...

Tassie adviser banned

MICHAEL HOBBS  |  THURSDAY, 26 FEB 2009
... oath during examination by ASIC in 2007. Moore was then banned in August on the ground the conviction in 2007 was one of fraud. He has applied to the appeals tribunal to have the decision reviewed but the Administrative Appeals Tribunal (AAT) refused ...